Quote:
Originally Posted by PaulS
We just had 8 years of a Dem. gov. (Malloy) and 8 years prior of Rep gov (Roland - who went to jail and Rell). During which period did spending go up the biggest %? Did the Rep. gov. leave a bigger rainy day fund or did the Dem?
Edit - You're big on complaining about pensions. What did the Rep gov. do about the benefits (pension/health care, etc) vs Malloy?
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Yes, we've had Republican governors, who didn't do ANYTHING fiscally conservative, either because they didn't believe it or because the liberal legislatures wouldn't let them. Either way, the state's economic landscape is purely liberal, and has ZERO conse3rvative footprint. We have massive taxes, and even more massive spending, thanks to labor unions. Is that a conservative tactic, or a liberal tactic?
"Did the Rep. gov. leave a bigger rainy day fund or did the Dem?"
Malloy rammed TWO massive income tax hikes down our throats, and the state's debt and deficits are higher. Our credit rating has been downgraded multiple times under Malloy. The rainy day fund is because of tax receipts related to the stock market, which means it's thanks to Obama and Trump and the feds. Nothing to do with state policies. We're looking at multi-billion dollar deficits for the next two years, as always, despite the fact that the national economy is booming. Our real estate prices haven't recovered from the recession at the national pace, nor has unemployment. We're dying. We are in a self-perpetuating cycle of higher expenses (thanks to union benefits locked in by contracts) and declining revenues (people are leaving to avoid the collapse. But we have a rainy day fund, so to you, all is well.
"What did the Rep gov. do about the benefits (pension/health care, etc) vs Malloy?"
All governors have made it worse in my lifetime. Malloy extended the state's debt term out for many years, so kids not born yet will be asked to pay for things they had no say in. Hooray!!
Roland and Rell were complete disasters. They also did NOTHING conservative. Nothing.
You're so bound to ideology, that you deny our state's economic situation? How big do you think that rainy day fund is? Because the long term debt is many tens of billions of dollars.
We are at an inflection point, where higher tax rates lead to less revenue collected, because people are leaving. The liberal response? Tolls! Hooray! Never mind we have an astronomical gas tax already, which was specifically implemented to replace tolls. But now we need both.
How do you Kool Aid drinkers suppose things get the way they are in the suburbs of Nashville or Charlotte, compared to here?
We
know its possible to offer citizens a high quality of life with low taxes. There is no debating that. It's irrefutable fact. There are places like that. Exactly none of them, are in CT?
Good luck making that wrong.
70 miles away in NH, there is no income tax or sales tax. And those places look even better now, with the limitation on deducting SALT taxes. Which means more people will leave, which means less revenue, which means higher tax rates on the patsies who stay.